Center for Books Arts Incorporated 1974

Analysis

Center for Books Arts Incorporated 1974 is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Books Arts Incorporated 1974 reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $808k to $1.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Books Arts Incorporated 1974 sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Kankouran West African Dance Co ($1.1m), Friends of the Palace Theater ($1.1m) and Theatrezone Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $99k (9.2% of expenses). Other salaries and wages came to $405k. At year end it held assets of $935k against liabilities of $180k, net assets of $754k. It reported 40 employees.